![]() ![]() DG ECFIN organises workshops with the IFIs at least twice a year to promote mutual exchange of ideas and information. The government watchdog has given them six months to improve their performance, and in particular to reduce car crime and burglary in the area. Today, IFIs exist in all Member States (except Poland) and they cooperate closely in a network ( EU IFI network ). While some IFIs already exist for a long time, many were established only after this legal base came into force. The EU fiscal governance framework (through the Council Directive 2011/85 on requirements for national budgetary frameworks, the Fiscal Compact and the 'Two- Pack' Regulation 473/2013) specified the role and formalised the tasks of national IFIs in order to foster budgetary discipline and to increase national ownership of EU fiscal rules. Courts of Auditors are included in this definition if their activities go beyond the accounting control and cover any of the tasks mentioned above. Maintain sanctions requirements by screening against OFAC, PEP and other government watch lists with WatchDOG Elite, CSIs automated sanctions screening. These institutions are primarily financed by public funds and are functionally independent vis-à-vis fiscal authorities. ![]() ![]() Independent fiscal institutions (IFIs) are defined as non-partisan public bodies, other than the central bank, government or parliament, aimed at promoting sustainable public finances through various functions, including monitoring compliance with fiscal rules, production or endorsement of macroeconomic forecasts for the budget, and/or advising the government on fiscal policy matters. The mass medias influence on the ethics of public life, as characterized by the presss watchdog role in monitoring the conduct of government officials. ![]()
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